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Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4

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Diploma in Basic Financial Reporting and Tax Revenue Level 4

Overview

Financial reporting is the process of disclosing financial information to the management, stakeholders and other interested parties of an organisation. Management of financial reporting, together with tax, falls under the finance or accounting department, which has to be properly governed to help the management make effective decisions. Organisations look for skilled and qualified individuals to take over this role, and this Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4 has been developed to mold you into one.

This diploma comprises of learning materials that will thoroughly familiarize you with the accounting and financial reporting regulations. You will get to learn about LASB framework, IAS 2 inventories and IAS 38 intangible assets, followed by modules that will examine the IAS19 employee benefits. The statement of financial position, which is used to assess the monthly financial health of a business, will also be duly explained through the modules, making this course a wonderful learning opportunity for aspiring individuals and professionals.

By delving further, you will get to examine various taxes that you will be required to work with such as progressive tax, regressive tax, proportional tax, property tax, Vat, etc. This course will also focus on helping you manage inventories, cash, receivables, payables and investment, followed by an insight into the ethics governing financial reporting and corporate governance.

The Quality Licence Scheme, endorses high-quality, non-regulated provision and training programmes. This means that Global Edulink* has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 4 against level descriptors published by Quality Licence Scheme, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.

The course itself has been designed by Global Edulink* to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current qualifications. Quality Licence Scheme endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.

This course has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course is not regulated by Ofqual and is not an accredited qualification. We will be able to advise you on any further recognition, for example progression routes into further and/or higher education. For further information please visit the Learner FAQs on the Quality Licence Scheme website.

*1Training is an approved reselling partner for Quality Licence Scheme courses under Global Edulink

Please Note: This Course is Based on USA Standards

Why Consider 1Training?

As improvements and advancements are made in technology, online courses are no longer just conventional means of studying at affordable costs. In many aspects online training offers superiority to traditional learning. There is an effectiveness and convenience that traditional learning cannot provide. The overall convenience and flexibility makes it a superior learning method.

1Training offers the most convenient path to gain skills and training that will give you the opportunity to put into practice your knowledge and expertise in an enterprise or corporate environment. You can study at your own pace at 1Training and you will be provided with all the necessary material, tutorials, qualified course instructor and multiple free resources which include Free CV writing pack, Nus Discounted Card, Free career support and course demo to make your learning experience enriching and more rewarding.

Learning Outcomes

  • Familiarize with the accounting and financial reporting regulations
  • Learn about LASB framework, IAS 2 inventories and IAS 38 intangible assets
  • Understand how to produce accurate financial statements
  • Get into terms with the basic principles of the statement of financial position
  • Discover the IAS19 employee benefits
  • Examine the various tax types such as progressive tax, regressive tax, proportional tax, property tax, Vat, etc
  • Learn the ethics governing financial reporting and corporate governance
  • Manage inventories, cash, receivables, payables and investments

Access Duration

The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course. The content will be accessible to you 24/7. The course is self-paced and you can complete it in stages, revisiting the lectures at any time.

Key Features

Endorsed by Quality Licence Scheme

Access to excellent quality study materials

Learners will be eligible for TOTUM Discount Card

Personalized learning experience

One year’s access to the course

Support by phone, live chat, and email

  • Learners should be age 19 or over, and must have a basic understanding of Maths, English, and ICT.
  • A qualification at level 3 or above in any discipline
  • Individuals aspiring to get into the finance or accounting industry
  • Accounting or finance professionals looking to progress in their career
  • Anyone interested in learning about financial reporting and tax revenue

This online course is assignment-based with learners being assessed upon the submission of a series of assignments. Once you successfully submit the assignments, students will gain a professional qualification. The assignments must be submitted to the instructor through the online learning portal. The assignments will be reviewed and evaluated, with feedback provided to the student on how well they have fared.

Please Note: Additionally, a total of £49 is charged for the assessment and certificate, and you need to pay that when submitting your assessments only (It is not required to pay initially upon registering). This payment can be made in 02 installments.

Those who successfully complete the course will be issued the Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4 by the Quality Licence Scheme.

Endorsed by

The Quality Licence Scheme is part of the Skills and Education Group, a charitable organisation that unites education and skills-orientated organisations that share similar values and objectives. With more than 100 years of collective experience, the Skills and Education Group’s strategic partnerships create opportunities to inform, influence and represent the wider education and skills sector.

The Skills and Education Group also includes two nationally recognised awarding organisations; Skills and Education Group Awards and Skills and Education Group Access. Through our awarding organisations we have developed a reputation for providing high-quality qualifications and assessments for the education and skills sector. We are committed to helping employers, organisations and learners cultivate the relevant skills for learning, skills for employment, and skills for life.

Our knowledge and experience of working within the awarding sector  enables us to work with training providers, through the Quality Licence Scheme, to help them develop high-quality courses and/or training programmes for the non-regulated market.

Progression and Career path

This certificate will greatly improve your candidature for a number of jobs in the finance or accounting industry. You can also use this certificate to further expand your education in the area or to make substantial progress in your career. Listed below are some of the jobs this certificate will benefit you in, along with the average UK salary per annum according to https://www.payscale.com,

  • Accountant – £28,565 per annum
  • Tax Accountant – £29,001 per annum
  • Accounts Assistant – £18,883 per annum
  • Accounts Executive – £22,243 per annum
  • Staff Accountant – £24,115 per annum
  • Accounting Assistant – £20,352 per annum
  • Accounting Clerk – £17,609 per annum
  • Accounts Payable Clerk – £19,801 per annum

Other benefits

  • Written and designed by the industry’s finest experts with over 15 years of experience
  • Repeat and revise all your lectures and enjoy a personalized learning experience
  • Unlimited 12 months access from anywhere, anytime
  • Save time and money on travel
  • Learn at your convenience and leisure
  • Eligible for a TOTUM discount card
  • Learners should be age 19 or over, and must have a basic understanding of Maths, English, and ICT.
  • A qualification at level 3 or above in any discipline
  • Individuals aspiring to get into the finance or accounting industry
  • Accounting or finance professionals looking to progress in their career
  • Anyone interested in learning about financial reporting and tax revenue

This online course is assignment-based with learners being assessed upon the submission of a series of assignments. Once you successfully submit the assignments, students will gain a professional qualification. The assignments must be submitted to the instructor through the online learning portal. The assignments will be reviewed and evaluated, with feedback provided to the student on how well they have fared.

Please Note: Additionally, a total of £49 is charged for the assessment and certificate, and you need to pay that when submitting your assessments only (It is not required to pay initially upon registering). This payment can be made in 02 installments.

Those who successfully complete the course will be issued the Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4 by the Quality Licence Scheme.

Endorsed by

The Quality Licence Scheme is part of the Skills and Education Group, a charitable organisation that unites education and skills-orientated organisations that share similar values and objectives. With more than 100 years of collective experience, the Skills and Education Group’s strategic partnerships create opportunities to inform, influence and represent the wider education and skills sector.

The Skills and Education Group also includes two nationally recognised awarding organisations; Skills and Education Group Awards and Skills and Education Group Access. Through our awarding organisations we have developed a reputation for providing high-quality qualifications and assessments for the education and skills sector. We are committed to helping employers, organisations and learners cultivate the relevant skills for learning, skills for employment, and skills for life.

Our knowledge and experience of working within the awarding sector  enables us to work with training providers, through the Quality Licence Scheme, to help them develop high-quality courses and/or training programmes for the non-regulated market.

Progression and Career path

This certificate will greatly improve your candidature for a number of jobs in the finance or accounting industry. You can also use this certificate to further expand your education in the area or to make substantial progress in your career. Listed below are some of the jobs this certificate will benefit you in, along with the average UK salary per annum according to https://www.payscale.com,

  • Accountant – £28,565 per annum
  • Tax Accountant – £29,001 per annum
  • Accounts Assistant – £18,883 per annum
  • Accounts Executive – £22,243 per annum
  • Staff Accountant – £24,115 per annum
  • Accounting Assistant – £20,352 per annum
  • Accounting Clerk – £17,609 per annum
  • Accounts Payable Clerk – £19,801 per annum

Other benefits

  • Written and designed by the industry’s finest experts with over 15 years of experience
  • Repeat and revise all your lectures and enjoy a personalized learning experience
  • Unlimited 12 months access from anywhere, anytime
  • Save time and money on travel
  • Learn at your convenience and leisure
  • Eligible for a TOTUM discount card
Course Curriculum Total Units : 31
1: UNDERSTANDING THE ACCOUNTING AND FINANCIAL REPORTING REGULATIONS
Understanding the Accounting And Financial Reporting Regulations
2: UNDERSTANDING THE IASB FRAMEWORK
Understanding the IASB Framework
3: WHAT IS FINANCIAL STATEMENT
What is Financial Statement
4: INTRODUCTION TO THE IAS 2 INVENTORIES AND NONE CURRENT ASSETS
Introduction to the IAS 2 Inventories And None Current Assets
5: IAS 38 INTANGIBLE ASSETS
IAS 38 Intangible Assets
6: CREATING PRODUCING FINANCIAL STATEMENTS
Creating Producing Financial Statements
☑ ASSIGNMENT
Assignment Brief I – Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4
☑ SUBMIT YOUR ASSIGNMENT
(B) Assignment Submission – Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4
7: THE CASH FLOWS STATEMENT
The Cash Flows Statement
8: INTRODUCTION TO GROUP ACCOUNTS
Introduction to Group Accounts
9: BASIC PRINCIPALS OF THE STATEMENT OF FINANCIAL POSITION
Basic Principals of the Statement Of Financial Position
10: WHAT IS INCOME STATEMENT
What is Income Statement
11: DEFINITION OF ASSOCIATE
Definition of Associate
12: UNDERSTANDING THE ACCOUNTING STANDARDS
Understanding the Accounting Standards
☑ ASSIGNMENT
Assignment Brief II – Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4
☑ SUBMIT YOUR ASSIGNMENT
(B) Assignment Submission – Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4
13: IAS19 EMPLOYEE BENEFITS
IAS19 Employee Benefits
14: INTRODUCTION TO TAX
Introduction to Tax
15: IDENTIFY THE TAX TYPES
Identify the Tax Types!!
16: INTRODUCTION TO THE INTERNATIONAL AND FINANCIAL STATEMENT TAXATION
Introduction to the International and Financial statement Taxation!!
17: WHO IS AN EXTERNAL AUDITOR
Who is an External Auditor
18: UNDERSTANDING THE CORPORATE GOVERNANCE
Understanding the Corporate Governance
☑ ASSIGNMENT
Assignment Brief III – Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4
☑ SUBMIT YOUR ASSIGNMENT
(A) Assignment Submission – Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4
19: INTRODUCTION TO ETHICS AND FINANCIAL REPORTING
Introduction to Ethics and Financial Reporting
20: WORKING CAPITAL MANAGEMENT
Working Capital Management
21: HOW TO MANAGE RECEIVABLES AND PAYABLES
How to Manage Receivables and Payables
22: EFFICIENT MANAGE OF INVENTORIES AND CASH
Efficient Manage of Inventories and Cash
23: INTRODUCTION TO THE SHORT TERM FINANCE AND INVESTMENT
Introduction to the Short Term Finance and Investment
☑ ASSIGNMENT
Assignment Brief IV – Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4
☑ SUBMIT YOUR ASSIGNMENT
(A) Assignment Submission – Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4
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